Zurich North America Commercial celebrates the 15th anniversary of Subguard®

Schaumburg, Ill., March 23, 2011 – Zurich, a leading property and casualty insurance provider globally and in North America, is celebrating the 15th anniversary of its Construction unit's Subguard® insurance coverage.

“One of the fundamental reasons that Zurich's Construction unit is consistently ranked number one in the market is because we offer insurance products like Subguard,” said Scott Rasor, head of Construction for Zurich North America Commercial. “As the only insurer in the marketplace to offer any product like Subguard, Zurich's Construction industry segment is adding value to our customers' portfolio of coverage.”

Subguard is a risk management solution that helps General Contractors manage the risk of subcontractor or supplier default. Coverage includes the costs of completing any unfulfilled subcontractor or supplier obligations, including costs related to subcontractor replacement, job acceleration, extended overhead, liquidated damages and claim preparation expenses

“Subguard affords control to the general contracting community in a cost effective manner in the form of insurance coverage which is consistent, and efficient," said Nils Sorenson, product manager of Subguard. “This product is a combination of Zurich’s innovation and our customer’s knowledge in addressing the supply chain risk within the construction industry. Our simple goal is to help reduce the risk within the construction industry, and Subguard has been the market leading tool. We look forward to celebrating this milestone with our customers during a year in which we will be broadening the scope of the Subguard product and services.”

For more information, go to http://www.zurichna.com/zna/construction/toolcrib.htm#sdi.

About Zurich
Zurich Financial Services Group (Zurich) is a leading multi-line insurance provider with a global network of subsidiaries and offices in Europe, North America, Latin America, Asia-Pacific and the Middle East as well as other markets. For more information about Zurich, go to http://www.zurichna.com/zna/media/news-releases/archive/boilerplate.htm.
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Media contact:

Steve McKay
Zurich
(847) 706-2265
steven.mckay@zurichna.com